The essay topic ‘Rising Inflation in the country and its reasons and measures to curb it’, seems to be very much static, but never mistake it for its being static. The topic is fully dynamic. You need to deal with the topic strictly in connection with the present scenario.
Every essay has its own format. The format of this essay should be:
- Introduction to Inflation with current facts and figures
- Current reasons for inflation
- Current measures to curb it
‘Inflation’ is a general rise in the prices of goods and services in any geographical area. Inflation, generally around 2% per year, is considered normal in any economic system. But, at present, the Consumer Price Index (CPI) inflation rate as per the RBI for the first quarter of the financial year 2022-23 is 5%.
Reasons for rising Inflation